Definition of fidelity insurance in English:

fidelity insurance

noun

  • [mass noun] Insurance taken out by an employer against losses incurred through dishonesty by employees.

    • ‘The company wanted Preston brought to justice and, lacking fidelity insurance protecting them against employee theft, the Graffs wanted their money back, somehow.’
    • ‘PMT recommends next steps: meet with fidelity insurance re: what they need to accept claim, meet with I.P. to discuss questionable payments.’
    • ‘Employee fraud and non-disclosure on an application for fidelity insurance was the subject matter in jj Barnicke Limited v.’